Donald Trump says he is placing a 5% tariff on Mexican imports, effective June 10, to pressure the country to curb immigration into the U.S. by undocumented migrants.
Trump meets with Japanese Prime Minister Shinzo Abe over Memorial Day Weekend, just days after the administration said auto imports are a threat to national security.
Walmart said in February its supply costs had jumped 3%, but it kept consumer prices mostly flat. That was before tariffs on Chinese imports jumped on Friday.